Washington: A report surfaced online in August revealing that Chat GPT chatbot is on the verge of bankruptcy, citing high operational costs and diverging interests as the root cause of the problem.
According to media reports, like its rival Microsoft’s BingChat, Open Ai is also on the decline. Business Insider also wrote in its report that August is the third month in a row that the number of visitors to Open Ai website has decreased significantly.
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According to the statistics, the popularity of artificial intelligence chat boxes seems to be decreasing in the last year and the beginning of this year. The average time spent by a user on Open Ai has decreased from 8.7 minutes in March to 7 minutes in August.
Open Ai popularity has declined sharply in August. While US website traffic increased by 0.4%, worldwide traffic declined by 3%.
Additionally, Open Ai is under investigation by the US Federal Trade Commission (FTC). The commission is trying to determine whether OpenAI breached the protection of consumer information.